Houlihan Lokey Reports Certain Revised Financial Information; Agree To SEC Settlement To Resolve Investigation That Includes $15M Civil Penalty
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Houlihan Lokey (HLI) agrees to a $15 million SEC settlement to resolve an investigation into its compliance with records preservation requirements related to off-channel electronic messaging platforms.
May 25, 2023 | 8:27 pm
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Houlihan Lokey's agreement to a $15 million SEC settlement may negatively impact its stock price in the short term.
The $15 million settlement indicates that Houlihan Lokey has acknowledged its non-compliance with records preservation requirements. This may lead to a negative perception of the company's corporate governance and could result in a short-term decline in its stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100